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China Industrial Output Growth Softens; Retail Sales Fall Unexpectedly

China's industrial production grew at a slower pace in October and retail sales registered an unexpected decline due to intensified virus disruptions, official data revealed on Tuesday.

Industrial production posted an annual growth of 5.0 percent in October following prior month's 6.3 percent rise, the National Bureau of Statistics reported. This was also weaker than the 5.2 percent rise expected by economists.

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by Renju Jaya

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